The number of Americans filing for unemployment benefits rose more than expected last week, evidence the labor market is continuing to soften in the face of higher borrowing costs.
Figures released Thursday by the Labor Department show initial claims for the week ended April 15 rose by 5,000 to 245,000. That is above the 2019 pre-pandemic average of 218,000 claims. Continuing claims, filed by Americans who are consecutively receiving unemployment benefits, also rose to 1.85 million for the week ended April 8, an increase of 61,000 from the previous week.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »
Source: TMZ - 🏆 379. / 59 Read more »
Stock market news today: China's economic growth beats viewsUS stocks climb on strong Chinese economic growth and upbeat earnings 美国股市攀升,因中国经济强劲增长和盈利乐观
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: Fed and earnings push Mike Wilson to stay bearishHere's why Morgan Stanley's top equity strategist is staying bearish on stocks despite the latest rally “Workers didn’t get hit hard enough so we need to tank things so we can fire a bunch and force lower salaries”
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »